Which Wich Superior Sandwiches
The total investment to open a Which Wich Superior Sandwiches franchise ranges from $158,800 to $437,961. The initial franchise fee is $30,000. Ongoing royalties are 6% plus a 3% advertising fee.
What is the Which Wich Superior Sandwiches franchise?
Which Wich Superior Sandwiches is a limited service sandwich restaurant for people looking for made to order sandwiches. The estimated total initial investment is $158,800 to $437,961, and the initial franchise fee is $30,000, according to the 2024 Franchise Disclosure Document.
The royalty is 6 percent of sales, and the advertising or brand fund fee is 3 percent. The franchise agreement term is 10 years.
The brand was founded in 2003 and is headquartered in Houston, Texas.
Loan Activity Score
36/100
SBA Default Rate
10.2%
Active Lenders
27
According to its Franchise Disclosure Document or public business records, Which Wich Superior Sandwiches has 38 locations, all owned by franchisees. Public SBA loan records show 27 lenders made 49 loans to franchisees of Which Wich Superior Sandwiches. PeerSense calculates Which Wich Superior Sandwiches's score as 36 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2024 Franchise Disclosure Document.
Franchising since 2003 · 38 locations
$158,800 to $437,961
$30,000
38
38 franchised
Proprietary PeerSense metric
FairDistinct lenders in public SBA records for Which Wich Superior Sandwiches
49
Total SBA loans
$301K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Which Wich Superior Sandwiches
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
10.2%
vs 10.3% peer avg
SBA Loans
49
Total Volume
$14.7M
Active Lenders
27
1 selective
States
14
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Which Wich Superior Sandwiches based on SBA lending data
SBA Default Rate
10.2%
0.1% below peer avg
SBA Loan Volume
49 loans
Across 27 lenders
Lender Diversity
27 lenders
Avg 1.8 loans per lender
Investment Tier
Mid range investment
$158,800 to $437,961 total
Which Wich Superior Sandwiches: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2013
10 approvals. The best year on record for Which Wich Superior Sandwiches.
Top SBA State
Texas
24 SBA financed Which Wich Superior Sandwiches locations, the densest operator footprint.
Average Loan Size
$301K
Median $251K. Use as a sizing anchor when modeling your own Which Wich Superior Sandwiches unit.
Lender Concentration
34.7%
Moderately Spread
Share of Which Wich Superior Sandwiches approvals captured by the top 3 SBA lenders.
Which Wich Superior Sandwiches's SBA lending pipeline peaked in 2013 (10 approvals). Operator density is highest in Texas with 24 SBA financed locations. Average funded ticket sits at $301K, with the median at $251K. Lender mix is moderately spread: the top three SBA lenders account for 34.7% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$1,644
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Which Wich Superior Sandwiches, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman